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Business Description: Redflex Holdings (RDF) operates red-light and speed photo enforcement systems and back office processing services for cities and municipalities within the USA, and develops and commercialises traffic violation management systems and hardware.
Strategy Analysis: The strategy of RDF is to continue its growth of the traffic division in its key US market and through out Europe, the Middle East and Asia. RDF continually looks for opportunities of acquisition and industry consolidation. As the dominant supplier of traffic cameras in the US, RDF is focused on growing its position in what is potentially a multi-billion dollar market. RDF will continue to invest in Research and Development both in Australia and the USA with the goal of positioning technologies and processes at the leading edge of the industry
Redflex Holdings reported NPAT up 46.8% to $15.11m for the year ended 30 June 2012. Revenue from ordinary activities were $146.32m, up 4.7% from last year. Diluted EPS was 13.69 cents compared to 9.33 cents last year. Net operating cash flow was $55.93m compared to $40.84m last year. The final dividend declared was 5 cents, taking the full year dividend to 8 cents compared with nil cents last year.
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